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F. No 520/23/2013- Cus. VI Government of India Department of Revenue ***** Subject : Export and Import of Currency –reg Attention is invited to Regulation (3) of Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2009, notified vide Notification No.FEMA.258/2013-RB dated February 15, 2013 and A.P. (DIR Series) … Read more
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, /New Delhi-110055 F.No. Tech/Misc/2014-DGIT(S) 17396 Dated: 06.01 .2015 To, The Director of Income Tax (Systems)-IV, New Delhi. Respected Madam, Sub: Guidelines for Compounding of Offences under Direct Tax Laws, 2014 -reg. I have been directed to enclose herewith a letter F.No. 285/35/2013-IT (Inv. … Read more
What is the provision section 245? Section 245 of Income Tax Act empowers the Assessing Officer to adjust the amount of refund against tax remaining payable. If a refund is due to taxpayer, the Assessing Officer, in lieu of payment of the refunds, set off the amount against previous outstanding dues. But Assessing Officer can … Read more
RBI/2014-2015/409DBR.No.FSD.BC.62/24.01.018/2014-15 January 15, 2015 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/ Madam, Entry of Banks into Insurance Business Please refer to our Circular DBOD.No.FSC.BC.16/24.01.018/2000-2001 dated August 9, 2000 which, inter alia, permitted banks to set up insurance joint ventures on risk participation basis and also to undertake insurance business as agents of insurance companies on fee basis, without any … Read more
In order to infuse more transparency into Budget making exercise and to have people as partners to the process of budget making, the Ministry of Finance, Government of India has decided to invite suggestions from public at large for Union Budget 2015-16. Those desirous of sending suggestions for Budget 2015-16, may send their Budget suggestions … Read more
Circular No. 01/15-Customs F. No. 450/25/2013-Cus IV (Pt.) Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, dated 12.01.2015 To All Chief Commissioners of Customs / Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs / Customs (Preventive) All Commissioners … Read more
Since July 2014, inflationary pressures (measured by changes in the consumer price index) have been easing. The path of inflation, while below the expected trajectory, has been consistent with the assessment of the balance of risks in the Reserve Bank’s bi-monthly monetary policy statements. To some extent, lower than expected inflation has been enabled by … Read more
Office of the Commissioner of Sales Tax, 8th floor, Vikrikar Bhavan, Mazgaon, Mumbai – 10. TRADE CIRCULAR No. DC (A&R) /VAT/ MMB-2015 / 1/ ADM-8 Mumbai, Date: 14 January 2015 Trade Cir. No. 2T of 2015 Sub. : Extension of time for filing VAT Audit Report in Form 704 for year 2013-14. Ref.: Trade Circular … Read more
http://www.caresults.nic.in Arrangements have also been made for the students of Final Examination and Common Proficiency Test (CPT) desirous of having results on their e-mail addresses to register their requests at the above website, i.e., http://www.caresults.nic.in from 14th January, 2015. All those registering their requests will be provided their results through e-mail on the e-mail … Read more
Reserve Bank of IndiaForeign Exchange Department Central officeMumbai Notification No.FEMA.330/ 2014-RB Dated: December 15, 2014 Foreign Exchange Management (Transfer or issue of Security by a PersonResident outside India) (Seventeenth Amendment) Regulations, 2014 In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, … Read more